Expecting a short grind upwards to the 200EMA ON HOURLY. If rejected strongly will see a down move to the bottom support trend line. Watch for PA here for break or final reversal before upside. This pair is finished with this triangle in my opinion soon and will begin its next move. CAREFUL HOWEVER - Todays close is VERY IMPORTANT as its resting on the 200EMA for...
Descending trend line resistance. Lac of bullish momentum, 200EMA nearby, clean break of this could see pair tumble. PA needed for entry be careful and stay neutral until trend line reached and PA is clear
Noticed a strong pattern that has been occurring for a few months. There is a strong struggle zone in with the currency pair is in at the moment. Watch for interesting price action and most likely a strong movement after a break/PA signal.
Probably would favour Downside however remaining Neutral until its unravels further.